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Renew Rental Agreement
"I need a Renew Rental Agreement for my residential apartment in Riyadh, extending the current lease for another 12 months from March 1, 2025, with a 5% rent increase and updated maintenance terms."
1. Parties: Identification of landlord and tenant with full legal names, ID numbers/CR numbers, and contact details as required by Saudi law
2. Background: Reference to original lease agreement, its term, and the parties' intention to renew
3. Definitions: Key terms used in the agreement including Property, Term, Commencement Date, and other relevant definitions
4. Renewal Term: Specific details of the renewal period and commencement date
5. Rent and Payment Terms: Updated rental amount, payment schedule, and method of payment in compliance with Saudi banking regulations
6. Security Deposit: Confirmation of existing security deposit or any modifications required
7. Utilities and Services: Responsibility for utility payments and services during the renewal period
8. Maintenance and Repairs: Ongoing obligations for property maintenance and repairs
9. Use of Property: Permitted use of the property and any restrictions
10. Insurance: Required insurance coverage during the renewal period
11. Termination: Conditions and process for early termination of the renewed lease
12. Governing Law: Confirmation of Saudi law governance and Sharia compliance
13. Dispute Resolution: Process for resolving disputes through Saudi rental committees
14. Signatures: Execution block for all parties including witnesses as required by Saudi law
1. Property Modifications: Include when there are agreed changes to the property or new renovation permissions
2. Additional Occupants: Include when there are changes to permitted occupants or family members
3. Commercial Activity: Include for properties where business activities are permitted, specifying allowed commercial uses
4. Subletting Provisions: Include if subletting is permitted under specific conditions
5. Parking Arrangements: Include when specific parking spaces are allocated or there are changes to parking rights
6. Common Areas: Include for apartments or compounds with shared facilities
7. Property Management: Include when a property management company is involved
1. Schedule 1 - Property Details: Detailed description of the property including location, size, and included fixtures/fittings
2. Schedule 2 - Rent Payment Schedule: Detailed breakdown of rent payments including due dates and amounts
3. Schedule 3 - Property Condition Report: Updated condition report noting any changes since original lease
4. Schedule 4 - Building Rules: Current building or compound rules and regulations
5. Schedule 5 - Maintenance Responsibilities: Detailed breakdown of landlord and tenant maintenance obligations
6. Appendix A - Original Lease Agreement: Copy of the original lease agreement for reference
7. Appendix B - Ejar Registration Details: Documentation of the Ejar registration for the renewal
Authors
Real Estate
Residential Property
Commercial Property
Retail
Hospitality
Industrial
Office Space
Healthcare
Education
Logistics
Manufacturing
Professional Services
Legal
Facilities Management
Real Estate
Operations
Administration
Compliance
Corporate Services
Property Management
Asset Management
Procurement
Risk Management
Property Manager
Facilities Manager
Real Estate Manager
Legal Counsel
Contracts Manager
Operations Manager
Administrative Officer
Compliance Officer
Housing Coordinator
Corporate Services Manager
Relocation Specialist
Asset Manager
Property Administrator
Real Estate Consultant
Leasing Manager
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